Troy Jackson Cosponsored Bill Backed by Son’s Lobbying Firm Allowing ‘Predatory’ Loan Companies To Skirt Maine’s Interest Rate Caps

As president of the Maine Senate, Democrat Troy Jackson, now running for U.S. Senate as an opponent of "greedy corporations," cosponsored a bill allowing online lenders to skirt Maine's interest rate caps when offering small-dollar loans to borrowers with poor credit. A lobbying firm that employed Jackson's son supported the 2022 bill on behalf of a "predatory" lending company that was sued months earlier for violating consumer protection laws, a Washington Free Beacon review found. The post Troy Jackson Cosponsored Bill Backed by Son’s Lobbying Firm Allowing ‘Predatory’ Loan Companies To Skirt Maine’s Interest Rate Caps appeared first on .

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